Nicholas G. Miller / Wall Street Journal:

Elliott injects $1B into Pinterest to fund stock buybacks, buying convertible senior notes with an initial conversion price of $22.72 per share, a 30% premium  —  Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares.

Nicholas G. Miller / Wall Street Journal:

Elliott injects $1B into Pinterest to fund stock buybacks, buying convertible senior notes with an initial conversion price of $22.72 per share, a 30% premium  —  Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares.

Source: TechMeme
Source Link: http://www.techmeme.com/260303/p10#a260303p10